Proposed Provision: B5.11. Beginning for those newly eligible in 2022, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Childcare years are granted to parents who have a child under 6, with a limit of 5 such years. (b) For beneficiaries becoming newly eligible in 2022, set the initial special minimum benefit for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for 2021. For beneficiaries becoming newly eligible after 2022, the initial special minimum benefit is indexed by the AWI. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104103
20308584
20316665
20324645
20332726
203476
2035-13-15
2036-33-35
2037-54-57
2038-76-78
2039-97-100
2040-119-123
2041-142-145
2042-165-168
2043-188-192
2044-211-216
2045-235-240
2046-258-264
2047-282-288
2048-306-312
2049-330-337
2050-354-361
2051-378-386
2052-403-411
2053-427-436
2054-452-461
2055-477-487
2056-502-512
2057-527-538
2058-552-564
2059-578-590
2060-604-616
2061-630-643
2062-657-671
2063-684-699
2064-712-727
2065-740-755
2066-768-784
2067-796-814
2068-825-843
2069-855-873
2070-884-904
2071-914-934
2072-945-965
2073-976-997
2074-1007-1029
2075-1039-1061
2076-1071-1095
2077-1105-1129
2078-1139-1165
2079-1175-1201
2080-1211-1238
2081-1248-1276
2082-1286-1314
2083-1324-1354
2084-1363-1394
2085-1403-1434
2086-1443-1475
2087-1483-1516
2088-1524-1558
2089-1564-1600
2090-1604-1640
2091-1643-1680
2092-1681-1719
2093-1718-1757
2094-1754-1794
2095-1789-1830
2096-1825-1867
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